Babcock & Wilcox Receives Limited Notice to Proceed to Supply CO2 Capture Technology for U.S. Power Plant

Key Terms

carbon dioxide (CO2) technical

Carbon dioxide (CO2) is a colorless, odorless gas produced when living things breathe and when fuels or materials are burned or processed; it acts like a blanket in the atmosphere, trapping heat and driving climate change. Investors care because CO2 levels shape government rules, taxes and market prices for energy, products and emissions credits, which can change a company’s costs, legal risks and the value of its assets over time.

- Facility will utilize B&W’s SolveBright™ solvent-flexible CO₂-capture process

- Full notice to proceed anticipated in March 2026

- Baseload power demand is driving the need for power generation and environmental technologies

AKRON, Ohio--(BUSINESS WIRE)-- Babcock & Wilcox (B&W) (NYSE: BW) announced today that it has received limited notice to proceed with engineering and long-lead procurement on a SolveBright™ post-combustion, regenerable solvent-based carbon dioxide (CO₂) capture system for an existing power plant in the United States. The full notice to proceed is anticipated to be signed by March 2026, with an estimated value of $80 million and the potential for additional scope and construction services.

B&W’s SolveBright system design will allow the use of both an advanced specialty solvent and widely available commodity solvents, providing significant operational flexibility and potential cost savings for the plant owner. The SolveBright solution will be capable of capturing and storing more than 550,000 tons of CO₂ annually.

“We are excited to deliver our SolveBright carbon capture technology, that will capture CO₂ for this U.S. baseload power generation facility,” said Jimmy Morgan, B&W Chief Commercial Officer. “B&W has an extensive history of providing flue gas treatment and scrubber technologies to the utility and industrial sectors. Now, with the rapid growth of data centers and AI factories in North America, we are well-positioned to leverage our flue gas treatment technologies to support energy producers who need solutions to capture CO₂ for storage and beneficial use.”

“B&W’s diverse suite of power generation and environmental technologies allows us to help our customers with flexible, innovative power solutions, using a broad range of fuels, and we’re excited to play a key role in serving this emerging market,” Morgan added.

B&W can support small- or large-scale post-combustion carbon capture projects, from initial plant surveys and technology evaluation to plant commissioning and start-up.

About Babcock & Wilcox

Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc. is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at babcock.com.

Forward-Looking Statements

B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to a limited notice to proceed with engineering on its SolveBright™ post-combustion carbon-capture technology for a power plant project in the United States, an anticipated full notice to proceed for the project, and the anticipated net effects of the project. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.

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Investor Contact:

Investor Relations

Babcock & Wilcox

704.625.4944

investors@babcock.com

Media Contact:

Ryan Cornell

Public Relations

Babcock & Wilcox

330.860.1345

rscornell@babcock.com

Source: Babcock & Wilcox Enterprises, Inc.